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Posts published in “Bitcoin Acceptance”

The World Celebrates the 8th Anniversary of the First Bitcoin Transaction: Buying Two Pizzas

The crypto-community celebrates the 8th anniversary of the first commercial transaction in which Bitcoin was used as a real-world currency to pay for an item. Two Pizzas for 10,000 Bitcoins On 17 May 2010, computer programmer Laszlo Hanyecz posted on the Internet a request to buy a pizza paying with bitcoins. A few days later, Hanyecz was successful. He bought two pizzas for 10,000 bitcoins from Jeremy Sturdivant, whose username was “jercos.” On May 22,

The post The World Celebrates the 8th Anniversary of the First Bitcoin Transaction: Buying Two Pizzas appeared first on Bitcoinist.com.

Wall Street Cryptocurrency Trading is Imminent, Former J.P. Morgan Exec Says

The cryptocurrency market continues to be a trending topic in the world of finance. However, the question remains; when will Wall Street banks begin crypto trading? The day is closer than we think, according to a former J.P. Morgan executive. Big Banks to Start Trading Cryptocurrency Soon Amber Baldet, formerly of J.P Morgan believes that the big banks will soon start trading cryptocurrency. She made this declaration during an interview with CNBC. According to her,

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Alibaba CEO Jack Ma Says Bitcoin and Not Blockchain is the Bubble

Alibaba founder and chairman, Jack Ma, is the latest to espouse the “blockchain not bitcoin” rhetoric. The billionaire e-commerce guru said bitcoin is the bubble and not blockchain. He made these comments at the recently concluded World Intelligence Congress in Tianjin. Blockchain not Bitcoin Narrative Lives On During his address at the conference, Ma revealed that Alibaba focuses solely on blockchain implementation. According to Ma: Blockchain is now a hot word. First, blockchain is not

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The Crypto Compromise: Learning to Love the Corporate Culture

If crypto startups want to distinguish themselves amidst the crowd of similar companies, they will need to re-think their partnerships. Although Wall Street is the source of critique from crypto-evangelists fighting the centralized system, it is also home to the power and capital that they need. Every revolution starts off as a rebuttal to a previously existing system that needs – in the eyes of the revolutionaries – renovation. But once they implement their ideas,

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Why Cryptocurrency and Talent Development Go Hand in Hand

The tech world moves at a breakneck pace, which means that talent development is a constant concern in Silicon Valley and other innovation hubs. Skills that may be relevant one day are obsolete the next. Though different sources disagree on the size of the tech worker shortage, everyone agrees that one exists, particularly in specialized skill areas. Plenty of people aspire to fill these roles, but they often lack the education or connections to do

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Warren Buffett Gets Trolled by Crypto Miner for His Negative Bitcoin Comments

It is safe to say that Warren Buffett is not beloved within the cryptocurrency community. The billionaire investor has consistently espoused the rhetoric that Bitcoin has no value. Recently, a crypto miner has taken to publicly calling out the Berkshire Hathaway chief for his negative comments. Warren Buffett Doesn’t Know It All As far as Genesis Mining co-founder Marco Krohn is concerned, Warren Buffett is not an authority on Bitcoin. In fact, he doesn’t even

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Colorado to Allow Bitcoin Campaign Donations

The state of Colorado is set to join a few others in legalizing Bitcoin political donations. According to local media, the state is currently considering a draft proposal concerning crypto donations for political campaigns. Colorado is Joining the Trend Wayne Williams, the Colorado Secretary of State, submitted the proposal earlier in the week. According to the details of the draft, Bitcoin donations would comply with the same rules as cash donations. Due to the volatility

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More Crypto Exchanges Set up Shop in India Despite RBI Ban

Despite the RBI ban, there are reports of more cryptocurrency exchange platforms springing up in India. The country’s apex bank issued a directive in April prohibiting banks from facilitating crypto transactions. New Local Exchange Platforms Beginning in July, India’s banks must comply with the RBI crypto ban. However, just two days after the proclamation, CoinDCX announced that it was beginning operations in the country. The platform will even provide trade tracking services for Indians in rupees.

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Russia Moves to Regulate Crypto, Issues First Commercial Bonds via Blockchain

Russia’s State Duma Committee on State Construction is to support the first reading of a regulatory proposition which is to incorporate the fundamental rules for the digital economy in the country’s Civil Code. At the same time, a leading Russian bank issues the first commercial bonds carried out via Blockchain-based technology. Russia is making serious efforts towards dominating the booming industry of blockchain technology, claiming that it will eventually belong to them. In April of

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Twitter CEO Jack Dorsey: Bitcoin Should Be Native Currency of the Internet

On Wednesday, Jack Dorsey, the CEO of Twitter and the Square payment company expressed his positive cryptocurrency sentiment as he stood on stage at the Consensus conference, saying that Bitcoin should be the cryptocurrency of the internet. Jack Dorsey: Cryptocurrency Evangelist Twitter has long been a platform that has been centric for cryptocurrency users and organizations. It quickly became a way in which crypto-related entities could convey announcements and talk about cryptocurrencies with members of

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